2012 bankruptcy filings sharply lower, Institute reports.
Texas attorney says noncommercial filings could impact credit unions, particularly with potential fraud.
Retrenching consumers pulling back from bankruptcy.
American Bankruptcy Institute cites consumers reducing debt, credit use for drop in filings.
U.S. consumer bankruptcy filings continue to increase, jumping 11% for the first nine months of year, the American Bankruptcy Institute reported today.
The big jump in bankruptcy filings this year and what it means for credit union lending and legal trends will be the key topic at the Pennsylvania Credit Union Association's credit union attorneys conference Sept. 23-24 in Harrisburg.
The country's economic difficulties took an acute toll on individuals and businesses last year as the number of filings for bankruptcy rose by 31.9%,